New Jersey Average Home Price by City (2026)

The average home price in New Jersey (NJ) is about $573,000 — the 2026 median, at ~$327/sq ft — 98% more expensive than the typical U.S. home.

$573,000
New Jersey median value
$327
Median price / sq ft
~1,750
sq ft a median budget buys
+98%
vs U.S. median
Newark — $495,000NewarkTrenton — $349,000TrentonPaterson — $540,000PatersonJersey City — $645,500Clifton — $602,500Toms River — $437,000Toms RiverCamden — $132,000

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to New Jersey?

Housing in New Jersey is 98% more expensive than the national average, with a typical home around $573,000 and a local rate near $327 per square foot. Among the 12 New Jersey cities we track, Jersey City is the most expensive (median $645,500) and Camden is the most affordable (median $132,000) — so where you land in the state matters as much as the state itself.

Browse New Jersey cities

Jersey City$645,500Clifton$602,500Edison$558,000Paterson$540,000Elizabeth$519,000Plainfield$497,000Newark$495,000Cherry Hill$458,000Toms River$437,000Trenton$349,000Ewing$306,000Camden$132,000

New Jersey home prices by county

21 New Jersey counties with enough data for their own page, priciest first:

Monmouth County$895,000Bergen County$766,000Somerset County$727,000Morris County$718,000Cape May County$704,500Essex County$652,000Hunterdon County$615,000Union County$593,000Hudson County$579,000Passaic County$568,000Middlesex County$561,500Ocean County$560,000Warren County$465,500Mercer County$461,000Sussex County$446,500Burlington County$443,000Atlantic County$369,000Gloucester County$359,500Camden County$352,000Salem County$322,000Cumberland County$259,000

See the cheapest (and most expensive) places to live in New Jersey.

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Home value appreciation in New Jersey

Home prices in New Jersey have risen about 88% over the last 10 years (≈6.5% a year) and +66.1% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +6.2% — still rising. A home worth $573,000 today was worth roughly $305,274 ten years ago.

+6.2%
1-year change
+62.9%
5-year change
+87.7%
10-year change
+66.1%
20-year change

See where that trend takes a specific home with the home appreciation calculator — nationally the median state is +85.6% over 10 years. Past appreciation is a track record, not a forecast; local prices can fall.

Calculators for New Jersey

Run the numbers for New Jersey with the local rates already filled in — change any input to test your own situation.

Property taxannual tax at local effective ratesAffordability by salarythe price your income supports hereMonthly paymentPITI on a home at this priceRent affordabilityyour max rent vs the local medianUtility costselectric, gas, water and internet per monthHome insurancetypical premium for this stateCost to buildnew-construction cost per sq ft here

Salary needed to buy a home in New Jersey

To buy the typical $573,000 home in New Jersey with 20% down, you need a household income of roughly $156,000 a year (about $3,640 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $185,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$28,700$4,520/mo$194,000/yr
10% (+PMI)$57,300$4,320/mo$185,000/yr
20%$114,600$3,640/mo$156,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in New Jersey

At about $327 per square foot, here is roughly how much home different budgets get you in New Jersey:

BudgetApprox. sizeWhat that looks like locally
$300k920 sq ftbelow the local median — condos, smaller or older homes
$400k1220 sq ftbelow the local median — condos, smaller or older homes
$500k1530 sq ftaround the typical home here
$600k1830 sq ftaround the typical home here
$750k2290 sq ftabove the median — larger homes or the pricier ZIPs

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to New Jersey so you can compare your current home against every New Jersey city we track.

New Jersey home prices: frequently asked

What salary do you need to buy a house in New Jersey? +
For the typical $573,000 home in New Jersey, a household income of about $156,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $185,000; with 5% down about $194,000.
What is the average home price in New Jersey? +
The average home price in New Jersey is about $573,000 as of 2026, at roughly $327 per square foot — 98% more expensive than the U.S. median of $289,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in New Jersey (NJ)? +
About $573,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $327/sq ft, a median budget in New Jersey buys roughly 1,750 sq ft of home.
Where is New Jersey most and least expensive? +
Among the 12 New Jersey cities tracked here, Jersey City is the priciest (median $645,500) and Camden is the most affordable (median $132,000). ZIP-level prices within one city vary further, so check the city page for your area.
Are home values in New Jersey going up? +
Over the last 10 years home prices in New Jersey changed about +87.7% (≈6.5% a year), and +6.2% in the latest year, according to the FHFA house price index through 2025. Over 20 years: +66.1%. Past gains are not a guarantee of future ones.